Akanda Corp Stock Probability of Future Stock Price Finishing Under 4.92
| AKAN Stock | USD 1.54 0.10 6.10% |
Akanda |
Akanda Corp Target Price Odds to finish below 4.92
The tendency of Akanda Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 4.92 after 90 days |
| 1.54 | 90 days | 4.92 | close to 99 |
Based on a normal probability distribution, the odds of Akanda Corp to stay under $ 4.92 after 90 days from now is close to 99 (This Akanda Corp probability density function shows the probability of Akanda Stock to fall within a particular range of prices over 90 days) . Probability of Akanda Corp price to stay between its current price of $ 1.54 and $ 4.92 at the end of the 90-day period is about 73.0 .
Given the investment horizon of 90 days Akanda Corp has a beta of 0.82. This suggests as returns on the market go up, Akanda Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Akanda Corp will be expected to be much smaller as well. Additionally Akanda Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Akanda Corp Price Density |
| Price |
Predictive Modules for Akanda Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Akanda Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Akanda Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Akanda Corp is not an exception. The market had few large corrections towards the Akanda Corp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Akanda Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Akanda Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.45 | |
β | Beta against Dow Jones | 0.82 | |
σ | Overall volatility | 0.31 | |
Ir | Information ratio | -0.08 |
Akanda Corp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Akanda Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Akanda Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Akanda Corp generated a negative expected return over the last 90 days | |
| Akanda Corp has high historical volatility and very poor performance | |
| Akanda Corp may become a speculative penny stock | |
| Akanda Corp has a very high chance of going through financial distress in the upcoming years | |
| Akanda Corp currently holds 4 M in liabilities with Debt to Equity (D/E) ratio of 0.03, which may suggest the company is not taking enough advantage from borrowing. Akanda Corp has a current ratio of 0.47, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Akanda Corp's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 2.16 M. Net Loss for the year was (32.28 M) with profit before overhead, payroll, taxes, and interest of 3.27 M. | |
| Akanda Corp generates negative cash flow from operations |
Akanda Corp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Akanda Stock often depends not only on the future outlook of the current and potential Akanda Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Akanda Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.5 M | |
| Cash And Short Term Investments | 82.8 K | |
| Shares Float | 1.3 M |
Akanda Corp Technical Analysis
Akanda Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Akanda Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Akanda Corp. In general, you should focus on analyzing Akanda Stock price patterns and their correlations with different microeconomic environments and drivers.
Akanda Corp Predictive Forecast Models
Akanda Corp's time-series forecasting models is one of many Akanda Corp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Akanda Corp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Akanda Corp
Checking the ongoing alerts about Akanda Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Akanda Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Akanda Corp generated a negative expected return over the last 90 days | |
| Akanda Corp has high historical volatility and very poor performance | |
| Akanda Corp may become a speculative penny stock | |
| Akanda Corp has a very high chance of going through financial distress in the upcoming years | |
| Akanda Corp currently holds 4 M in liabilities with Debt to Equity (D/E) ratio of 0.03, which may suggest the company is not taking enough advantage from borrowing. Akanda Corp has a current ratio of 0.47, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Akanda Corp's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 2.16 M. Net Loss for the year was (32.28 M) with profit before overhead, payroll, taxes, and interest of 3.27 M. | |
| Akanda Corp generates negative cash flow from operations |
Check out Akanda Corp Backtesting, Akanda Corp Valuation, Akanda Corp Correlation, Akanda Corp Hype Analysis, Akanda Corp Volatility, Akanda Corp History as well as Akanda Corp Performance. To learn how to invest in Akanda Stock, please use our How to Invest in Akanda Corp guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Akanda Corp. If investors know Akanda will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Akanda Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (524.76) | Revenue Per Share 9.388 | Quarterly Revenue Growth 2.705 | Return On Assets (0.26) | Return On Equity (2.43) |
The market value of Akanda Corp is measured differently than its book value, which is the value of Akanda that is recorded on the company's balance sheet. Investors also form their own opinion of Akanda Corp's value that differs from its market value or its book value, called intrinsic value, which is Akanda Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Akanda Corp's market value can be influenced by many factors that don't directly affect Akanda Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Akanda Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Akanda Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akanda Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.